Burcon NutraScience (TSE:BU) Shares Down 2.7% – Here’s Why

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR)’s share price dropped 2.7% during trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 4,000 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 86,582 shares. The stock had previously closed at C$0.09.

Burcon NutraScience Trading Up 2.7 %

The business’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.14. The company has a quick ratio of 1.71, a current ratio of 5.63 and a debt-to-equity ratio of 187.90. The company has a market cap of C$13.50 million, a price-to-earnings ratio of -0.45 and a beta of 2.90.

Burcon NutraScience Company Profile

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Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company offers Peazazz and Peazac, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products.

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